Donald Trump tells China to back off retaliatory tariffs, warns of higher levies

President Trump on Monday warned China to back off its retaliatory tariffs or face even more massive levies on its goods, signaling the White House will play hardball with the rival superpower even as it negotiates with smaller countries.

Mr. Trump, posting on Truth Social, said Beijing flouted his warning that any retaliatory tariffs would be met with a U.S. response.

“Therefore, if China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” Mr. Trump posted.

Mr. Trump imposed a 34% tariff on Chinese goods on Wednesday as part of his “Liberation Day” plan, on top of a prior levy of 20%. If the president follows through on his 50% threat, then China would face a 104% tariff on its goods, an administration official said.

Global markets are struggling to digest Mr. Trump’s decision to impose sweeping levies on friends and foes alike.

Mr. Trump said the levies, which are a tax or duty on imports, will raise revenue and protect American industries by forcing companies to bring production back to the U.S.

Some Asian countries, including Japan, Bangladesh, Vietnam and the Philippines, have opened talks with the Trump administration about reducing their trade barriers.

The EU took a mixed approach.

“We have offered zero-for-zero tariffs for industrial goods. Because we’re always ready for a good deal,” European Commission President Ursula von der Leyen said. “But we’re also prepared to respond with countermeasures and protect ourselves against indirect effects through trade diversion.”

China, however, retaliated immediately after Mr. Trump’s announcement with a matching 34% tariff on U.S. goods.

Mr. Trump said he isn’t interested in negotiations.

“All talks with China concerning their requested meetings with us will be terminated!” he posted. “Negotiations with other countries, which have also requested meetings, will begin taking place immediately.”